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20130615
20130623
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KPIX (CBS) 1
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CBS
Jun 22, 2013 5:00am PDT
would scale back the stimulus program which has helped fuel the stock market church. >> if the economy is able to stay in a reasonable cruising speed we'll ease the pressure on the accelerator by gradually reducing the list of purchases. >> it's a luxury problem to have when they say they don't need stimulus anymore. >> a slowdown in china's economy also has investors worried that chinese consumers won't be able to buy as many american goods, but analyst ben willis sees an opportunity in the falling stock prices. >> you should be buying your equities in the same way you're going to the supermarket and buying things on sale. >> the scaled back stimulus is pushed mortgage rates up, but that's not necessarily bad news for the housing market. >> a lot of people have been on the side looichbs waiting for whatever reason but they've decided rather than wait for the rates to gown further, they're going to get back in the marketing. >> it will be scaled back gradually only if the economy continues to gain speed and the job market improves. >>> let's talk more about the markets with lauren lyst
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